The Twitter hack of Metallica’s official account has raised questions about the legitimacy of celebrity tokens on the Solana blockchain. It is not the first incident to raise questions about the risks of celebrities getting involved in cryptocurrency projects. Are you as an investor better off with a project on the Ethereum blockchain that is built on a real community?
In this article, we explore the events surrounding the Metallica hack, its impact on the market, and why Rollblock (RBLK), built on the Ethereum blockchain, offers a more reliable investment alternative.
What happened after the Metallica twitter hack
The Twitter hack of the heavy metal band Metallica happened on June 26, 2024. Scammers used the account to promote a fraudulent Solana token under the ticker METAL. They posted misleading announcements suggesting a partnership with Ticketmaster for the launch of the METAL token. These announcements made it seem like Metallica fans would receive significant benefits by purchasing the token, such as exclusive discounts and special offers.
However, research showed that there was no such collaboration. Metallica’s team quickly regained control of the account and deleted all related posts. This quick response prevented further damage, but the incident left a lasting impact on the perception of celebrity tokens on the Solana blockchain and celebrity involvement in crypto projects.
Accusations and denials
Following the Twitter hack, Metallica’s account accused fintech company MoonPay of involvement in the scam. MoonPay chairman Keith Grossman immediately denied these allegations on X. He warned followers: “MoonPay does NOT support $METAL on @solana.” He further highlighted the scam nature of the METAL token. Despite the fraudulent activity, the broader Solana meme coin market remained unaffected, with a market cap of $6.71 billion, up 10% in the past 24 hours.
Market impact and past incidents
The Twitter hack follows a similar event earlier this month when the SOL meme coin HULKAMANIA experienced a significant pump-and-dump falsely associated with WWE icon Hulk Hogan. Solana’s blockchain has gained popularity among celebrities for launching meme coins, but this fame comes with increased risks of hacking and scams. While some celebrities volunteer for Solana, others, like Metallica, become targets of exploitation. This series of incidents has led to growing concerns about the safety of investments in the Solana blockchain.
Rollblock offers security and reliability
In the turbulent world of crypto scams and hacks, Rollblock (RBLK) offers a reliable alternative. Rollblock stands out for its transparent and secure platform, built on the Ethereum blockchain. This offers users an unparalleled gaming experience in the online casino sector.
Rollblock (RBLK) is designed to bridge the gap between decentralized and centralized gaming. It is a fully functional online casino on the Ethereum blockchain. By using blockchain technology, Rollblock ensures immutable and traceable transactions, ensuring the integrity and transparency of the platform. This provides investors with the assurance that their investments are safe and that all game results are fair.
One of Rollblock’s striking features is its innovative revenue-sharing model. Token holders receive a portion of the casino’s daily winnings. This not only increases the value of the $RBLK token but also provides regular income. This dual revenue model offers a more stable and rewarding investment opportunity than many other crypto projects.
Rollblock does not require KYC, meaning users can easily start playing and benefit from the revenue-sharing model with just an email address or wallet connection. This low barrier to entry has led to a rapid increase in users and investors, which in turn further drives demand for $RBLK tokens.
In addition, there is a fixed supply of 1 billion $RBLK tokens, with a large portion allocated to the presale. Rollblock has already attracted significant interest, with millions of tokens sold in a short time. Additionally, a percentage of weekly profits are used to buy back and burn $RBLK tokens, further increasing the value of the token.
Rollblock (RBLK) is a reliable investment
In a market often characterized by uncertainty and fraud, Rollblock (RBLK) offers a safe and reliable investment opportunity. With its innovative features, transparent operations, and lucrative rewards for token holders, Rollblock is set and ready to dominate the online casino market. Investors looking for a reliable and profitable crypto investment should add $RBLK to their portfolio for substantial future returns.
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